Racjonowanie kredytu w ujęciu neokeynesizmu i postkeynesizmu
Credit Rationing – New Keynesian and Post–Keynesian View

Summary/Abstract: Both New Keynesianism and Post–Keynesianism have been studying for years a problem of credit rationing implying that not all of the private agents’ demand for money is satisfied by the market. Each of them has its original contribution to the explanation of the behavior observed in the financial markets. Simultaneously, however, they are based on different analytical assumptions. New Keynesian perspective is strongly influenced by neoclassical economics and cannot be reconciled with Post–Keynesian heterodox background. For this reason it is impossible to integrate both theories or even perceive them as complementary. The comparison conducted in the paper proves that Post–Keynesian analysis shows a greater degree of realism and explanatory power than New Keynesian theory. Hence, it seems that in the face of continuing interest in credit rationing Post–Keynesianism can offer more promising directions of further researches than New Keynesianism.

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